Can RNDR Break Through Resistance?
RNDR/USDT - Daily Timeframe
RNDR is an interesting asset, a lot of hype around this token.
Price is struggling to overtake current resistance between $2.20 and $2.50.
Price is currently right at resistance right now with a potential Swing-Failure Setup.
We are above the Base Line, and we did just have a nice push with momentum OFF of the Daily Base Line to bring us back up to resistance but I'm not sure about this one.
A Daily Breakout above $2.50 would be nice to see, would definitely chase the momentum. Otherwise - this looks like a side line for me at the moment.
RNDR is an interesting asset, a lot of hype around this token.
Price is struggling to overtake current resistance between $2.20 and $2.50.
Price is currently right at resistance right now with a potential Swing-Failure Setup.
We are above the Base Line, and we did just have a nice push with momentum OFF of the Daily Base Line to bring us back up to resistance but I'm not sure about this one.
A Daily Breakout above $2.50 would be nice to see, would definitely chase the momentum. Otherwise - this looks like a side line for me at the moment.
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Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.